aj485’s Activity

Wed Mar 25

NL

Boards Post

aj485 replied to the Paying Back Student Loans board. 6:06 PM

Re: Pay More To Principal or Invest?

Does it make more sense to:

1) Pay down some of the principal on a student loan with 20+ more years on it that has an interest rate of 5%

OR

2) Simply invest the money somewhere and hope to earn >5%

What
[more]

Tue Mar 24

NL

Boards Post

aj485 replied to the Tax Strategies board. 2:25 AM

Re: Turbo Tax / Roth IRA / 0119 Form

On a 1099-B I received from a mutual fund, code E was used for all the entries.

On a 1099-R I received from a regular IRA, Code 7 was used.
On a 1099-R I received from a Roth IRA, Code Q was used.
On a 1099-R I received from a
[more]

Mon Mar 23

NL

Boards Post

aj485 replied to the Tax Strategies board. 7:02 PM

Re: Turbo Tax / Roth IRA / 0119 Form

My understanding of the Roth IRA is that funds withdrawn that were from original deposits over 5 years ago would not be taxable. I'm working off of the 2014 Fidelity Form 1545-0119. In box 7 of the form it shows Distribution Code: J. Do I need to [more]

Thu Mar 19

NL

Boards Post

aj485 replied to the Budgeting board. 8:28 PM

Re: home equity

should i pay off home equity or invest in 401k and 529

Yes, you should do at least one of those choices.

AJ

P.S. If you want a valuable answer, you need to provide a lot more information about your particular [more]

Wed Mar 18

NL

Boards Post

aj485 replied to the Foolish 401(k)s board. 8:12 PM

Re: 401(k)/IRA annual contribution limits

That is, if the contribution of the IRA puts one over the $58,000 limit is that included or it is just the 401(k) total limit?

As has already been said a few times in this thread, 401(k) limits are separate from IRA [more]

NL

Boards Post

aj485 replied to the Buying or Selling a Home board. 8:03 PM

Re: New homeowner in T-??

My wife and I are in the process of buying a home now -- we're under contract, about to do the inspection, with closing in a little under a month (supposedly).

As someone who has purchased 9 homes, I would have mostly had suggestions [more]

Thu Mar 12

NL

Boards Post

aj485 replied to the Retirement Investing board. 10:25 PM

Re: Retirement Investing

Is there any way to open a tax deferred account for a person not actually working a job?

If the person does not have earned income, but they are married, file jointly and their spouse has earned income, then the person can open an [more]

Wed Mar 11

NL

Boards Post

aj485 replied to the Tax Strategies board. 8:56 PM

Re: Roth Distibution

If I want to take some of my Roth money out taday...being before 4/15.....which year does it trigger any event. I want it to not show up 2014. Does this get reported as a 2015 event like a wanted it? Or do I have to wait till after [more]

Mon Mar 9

NL

Boards Post

aj485 replied to the Retirement Investing board. 8:44 PM

Re: Investing in Solar

Thanks - I will go see if I can find it.

You can go down to the bottom of this page, and next to the box where it says "Board" put in "Buying or Selling a Home". Or you can follow this link: [more]

NL

Boards Post

aj485 replied to the Buying or Selling a Home board. 7:47 PM

Re: Can I get this mortgage?

In January 2014 I (primary earner) quit my job with the intention of taking a 1 year sabbatical. I ended up spending 8 months on the beach and then was tempted into a 1 year contract by a buddy/former coworker that is W2 contractor status. I get [more]

NL

Boards Post

aj485 replied to the Retirement Investing board. 2:27 AM

Re: Becoming Mtg Lender

What about buying mortgage insurance? Anyone have experience with purchasing mortgage insurance on property they have sold?

The lender doesn't buy mortgage insurance. They force the buyer to buy mortgage insurance as a condition of [more]

NL

Boards Post

aj485 replied to the Online Banking board. 1:54 AM

Re: How to protect yourself using mobile apps

In other words, you don't need to be an Apple Pay user, or even an iPhone user, to be a victim of this fraud. All that's necessary is that your bank take a lax approach to verifying the identity of Apple Pay users.

Apple only partners [more]

NL

Boards Post

aj485 replied to the Online Banking board. 1:48 AM

Re: Instant transfers between banks

Do you plan to close the account once you meet all the conditions of the offer?

Probably - I've opened at least one other savings account at that bank for the cash incentive and closed it after meeting the terms.

AJ

Sat Mar 7

NL

Boards Post

aj485 posted to the Online Banking board. 8:39 PM

How to protect yourself using mobile apps

Square Cash is specifically mentioned in this article http://finance.yahoo.com/news/5-ways-to-yourself-using-mobil... as being [more]

Wed Mar 4

NL

Boards Post

aj485 replied to the Paying Back Student Loans board. 6:28 PM

Re: Earnest?

This outfit seems to be trying to help borrowers get their student loans paid off faster/with less pain:

https://www.meetearnest.com/


Well, if you call refinancing a loan paying it [more]

NL

Boards Post

aj485 replied to the Tax Strategies board. 11:02 AM

Re: Which is best account type for Options?

But then why does the brokerage (aka custodian) limit trading permissions at all, if it is the responsibility of the IRA owner to prevent the IRA termination?

In my opinion - the limits are in place to prevent trades that are likely [more]

Tue Mar 3

NL

Boards Post

aj485 replied to the Budgeting board. 10:38 AM

Re: Greetings, Fool!

Has anyone tried to treat there personal finances as a business by creating a Balance Sheet and Income Statement monthly? I started 5 months ago and I have found it extremely useful.

An interesting idea.

I treat my [more]

Mon Mar 2

NL

Boards Post

aj485 replied to the Credit Cards and Consumer Debt board. 6:18 PM

Re: Saving vs. Paying credit card debt

RHGCMG -

Welcome to the Credit Cards and Consumer Debt board, and congratulations on your climb out of debt. The posts that you are replying to are old enough that you were probably in debt at the time that they were written, so hopefully [more]

NL

Boards Post

aj485 replied to the Credit Cards and Consumer Debt board. 6:15 PM

Re: FICA score

How long does it usually take for a FICA score to improve on a credit report once a dispute has been resolved in the consumer's favor?

Assuming that you are actually wanting a FICO score (not sure what a FICA score would be, since [more]

NL

Boards Post

aj485 replied to the Real Estate Inv. Trusts: REITs board. 1:21 AM

Re: READ this before buying REIT preferreds

running the sample calculation I get

$1.72+[$25-$27.76]/3.88= -$1.04

$25.00+$27.76/2= $26.38

YTC= -$1.04/$26.38= -3.9%


I think you are misinterpreting the formula.

The numerator should [more]

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Big gold star, 5000 posts Feste Award Nominee! Old School Fool
Board Posts 8543
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